Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
To provide shareholders with an attractive and growing level of income, together with the potential for capital growth, from investment in songs and associated musical intellectual property rights.
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Must be another equity raise coming to pay for all these acquisitions. I bought just before a previous one so missed the slight dip where I could have bought cheaper a few days later.
I'm tempted to see if the same happens again and buy a big tranche as a LTH in my SIPP.
Is it just me that keeps googling songs I hear on the radio to see if Hipgnosis own the rights?
And if they do, thinking there's another fraction of a penny in the pot.
I saw this article it's the first I knew of Hipgnosis ( Neil Young fan and PI but not in this sector). Have done some research this morning, SONG on my watchlist now.
Almost every day I’m seeing a new article in both music and mainstream press mentioning Hipgnosis. Whoever is doing their PR is doing a good job. This on the BBC today https://www.bbc.co.uk/news/business-55557633
I think this fund will do very well or is it just Rumours??
Yep would say so based on his reputation. Thats partially why I'm invested here and partially because the business model makes a huge amount of sense to me for the long term.
Well I think its safe to assume he (merck mercuriadis) knows what he's doing :-)
Producer royalties could also include royalties from radio play. Just depends on what the deal/contribution to the recording was: https://www.ppluk.com/membership/who-can-join-as-a-performer/
I think the main value is on sync though. The producer would (probably again depending on deal) be owed a payment when a track is synced.
Problem is we don't know the individual deals, splits and credits and probably won't ever. Like you say just have to trust them.
Interesting point. Thanks
.....another catalogue.
They'll have the figures going back a few years so no doubt they know what they're doing but hard to see how they can make much money out of Jimmy Iovine given that they say it's for his producer royalties. Bulk of "producer royalties" would have been from physical record sales so mostly all earned by now. No mention of writer's royalties which, I would have thought, is where the long term value in catalogues is to be found.
Not a game changer, in my view.
Yep there was another in New York Times yesterday as well iirc but was behind a paywall so didn’t manage to read it
Great news.
The article itself is weird. The author appearing to answer their own question. Of course across the board, more subscribers and more choice will mean a dilution across all genres including new pop. However, obvious exception creep in such as MC. The future bodes well for Hipgnosis. The prevalence of aged artists calling in their pension pots through selling advanced royalties to the like of Hipgnosis will gain further momentum, especially now that Dylan has done the same with UM. Likely to be further issues in order to fund future purchases. A fun and potentially lucrative long term business.
Seems to be an article in the press every week at the moment about Hipgnosis. Very good coverage
Theres been quite a few articles today in the music press about All I Want for Christmas. This is a more general looking one at back catalogues which is def interesting to Hipgnosis investment approach https://qz.com/1937682/all-i-want-for-christmas-is-you-is-streaming-more-than-ever/
Interesting article in Saturday’s Times newspaper
This is a really nice and positive interview. Not only does he want to make money Merck does really seem to care https://legrandnetwork.blogspot.com/2020/11/q-merck-mercuriadis-part-1-i-want-to.html
I haven't looked back to check but I don't think they usually do say what the songs/catalogues have cost them. Probably partly due to not wanting to let the competition and other rights holders know what sort of prices they're paying.
Talking of competition - Round Hill Music listed on London Stock Exchange today.
www.londonstockexchange.com/stock/RHM/round-hill-music-royalty-fund-limited/company-page
It is an odd RNS. It does not advise what the total consideration for the catalogue was.
Yep think so. Hipgnosis has been getting more interest in the music industry / music tech press recently as well.
explains todays volume/SP rise then
Saw this on the BBC https://www.bbc.co.uk/news/entertainment-arts-54423918
They maybe listed under 'investment trusts' and not 'shares'
HSBC do not seem to list it either
Listed on Freetrade
Anyone having problems buying through Barclays or other brokers? Barclays do not list SONG or SONG.L?